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Unit 3: Market Supply and Equilibrium
Answers: Self Assessment Notes
1. (a) True (b) False (c) True (d) False
(e) False
2. (a) Higher (b) Upward (c) Equal to (d) Below
(e) Equilibrium (f) equilibrium
3.7 Further Readings
Books Dr. Atmanand, Managerial Economics, Excel Books, Delhi.
Hague, D.C., Managerial Economics.
Haynes, Mote and Paul, Managerial Economics–Analysis and Cases, Vakils. Fellner
and Simons Private Ltd., Bombay.
Malcolm P. McNair and Richard S. Meriam, Problems in Business Economics, McGraw-
Hill Book Co., Inc.
Online links http://www.netmba.com/econ/micro/supply-demand/
http://www.basiceconomics.info/supply-and-demand.php
http://ingrimayne.com/econ/DemandSupply/OverviewSD.html
http://tutor2u.net/economics/revision-notes/as-markets-equilibrium-
price.html
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